NZPPA’s Holidays Act 2003 Taxable Payments Flowchart – FREE RESOURCE

*Please note: The Taxable Payments Flowchart is a guide only One of the issues NZPPA sees with payroll and the Holidays Act is that there has been little input from payroll in actually defining taxable payments and which Holidays Act calculation it should be assigned to. It is common to see when NZPPA undertakes an […]

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IMPORTANT TO KNOW FOR NZ PAYROLL – CHANGES TO CONTRACTORS (SCHEDULAR PAYMENTS) FROM 1ST APRIL 2017

The focus for payroll is paying the salary or wage of employees but in some situations the deduction of PAYE from a contractor’s invoice is also assigned to payroll. Key points to this change: A new form is to be used by contractors, the “ir330C” for all payments received on or after 1 April 2017 […]

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Important to know NZ Payroll: IRD Final payroll spec for 2017-18 now available

IRD has posted Final V1.0 of the Payroll Specification for the 2017-18 period on their website. This document is written for payroll developers but it is full of examples and all payroll practitioners should be referring to this document to ensure their payroll system is compliant based on IRD stated requirements. Use the following link […]

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Important to know for PAYROLL – SL Repayment threshold increase

The threshold for student loan has increased from the present rate of $19084 to $19136 commencing on 1 April 2017. Student Loan Scheme (Repayment Threshold) Regulations 2016 Section 3 Annual repayment threshold The amount of the annual repayment threshold for the tax year commencing on 1 April 2017 and subsequent tax years is $19,136. Reference: […]

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